A new North-South climate cooperation mechanism: Just Energy Transitions Partnerships (JETP)

Minh Ha-Duong

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Abstract: Sixteen months ago at COP26, G7 countries launched a new kind of financial country platforms to support middle-income countries' energy transition: the Just Energy Transition Partnership (JETP). This presentation describes the JETP mechanism, reviews the lessons from the South Africa pathfinder and exposes the onging negociations with other countries. I focus on Vietnam to examine how the JETP pledges are a step up in the public and private financial flows into the energy sector, and a step up in domestic GHG emissions reduction goals. The discussion addresses the topics of Justice, Technology Transfer, Finance and China, before concluding with a summary of the vision implicit in the Vietnam's JETP political declaration.

Keywords: JETP; Energy Transition; Climate Finance; G7 (search for similar items in EconPapers)
Date: 2023-04-04
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Published in CIRED research seminar, CIRED, Apr 2023, Nogent sur Marne, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04058057

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